The Free Banking System in 18th Century America: A Decentralized Approach to Banking

In the early to mid-18th century, the United States experimented with a decentralized banking system known as the free banking system. This period, which coincided with the rapid industrialization of the nation, allowed individual states to charter their own banks and issue their own banknotes. The system, while facing challenges, played a significant role in fostering economic growth and innovation, ultimately contributing to key societal … Continue reading The Free Banking System in 18th Century America: A Decentralized Approach to Banking

Tim SweeneyFebruary 28, 2025April 21, 2025Leave a comment

Economics, Systems of Governance

Capitalism with Sound Money vs. Capitalism with Fiat Currency: Why Sound Money is the True Form of Capitalism

Capitalism, at its core, is an economic system based on individual rights, private property, voluntary exchange, and the free market. Over time, however, the monetary systems underpinning capitalism have evolved, with two distinct forms emerging: capitalism with sound money and capitalism with fiat currency. While both may appear to operate under capitalist principles, they differ drastically in how they manage wealth, exchange, and economic power. … Continue reading Capitalism with Sound Money vs. Capitalism with Fiat Currency: Why Sound Money is the True Form of Capitalism

Tim SweeneyFebruary 25, 2025Leave a comment